Location: Naperville,IL, USA
Company:
INEOS Aromatics
Interested in joining a winning team? A team whose employees share in the ownership of the business and are empowered to make a difference?
Company: INEOS Aromatics
Visit YouTube to watch a short introduction to INEOS Aromatics.
INEOS Aromatics is a global chemical manufacturing company that produces products the polyester industry uses to make many of the things we use in our daily lives, such as clothes, carpets, furniture, automotive parts and food packaging.
We employ 1,300 employees in sites in the United States, United Kingdom, Mainland China, Belgium, Indonesia and Taiwan, with annual sales of $4 billion. Our diverse team of engineers, scientists and business professionals is dedicated to discovering solutions to some of the world's biggest challenges. For example, learn more about the potentially game-changing plastic recycling technology, Infinia.
We care about how we deliver these essential products to the world. Our business has been proud to lead the global polyester industry towards a more sustainable future for some time. Above everything, the safety, reliability and excellence of our operations is fundamental to what we do.
We are looking for people who share our passion for excellence, collaboration and innovation. In return for your excellent skills and abilities, we offer a competitive benefits package including: health, dental & vision insurance, 401K match (up to 9%), STD/LTD, paid dependent care days, Life Insurance/Accidental Death and Dismemberment, 9 paid holidays, 2 personal days and paid vacation.
INEOS Aromatics is part of INEOS, formed in 1998 and already one of the world's most successful companies, with an annual turnover of over $60 billion and 25,000 employees - over 5,000 of them in the US. INEOS is also one of the safest manufacturing companies in the world, nothing is more important to us.
Job Title:
Cash and Working Capital Analyst
Role synopsis:
The goal of this role is to ensure adequate liquidity, rigorous working capital management and sound internal controls over cash and banking to safeguard assets for US Aromatics. The analyst relies on financial policies and systems, treasury procedures, and collaborations with Commercial & Finance teams to effectively manage and forecast cash flows.
Responsibilities and Accountabilities:
* Execute daily cash management activities timely and accurately in compliance with policies, procedures, and controls:
* Apply cash from customers and communicate past due accounts.
* Clear SAP payments and research payment failures.
* Reconcile bank account inflows and outflows to maintain detailed high value cash position.
* Validate securitized accounts receivable transactions.
* Responsive to receipt and payment inquiries.
* Input and monitor banking portal payments and transfers.
* Consolidate and review US Aromatics 13-week cash forecast.
* Establish monthly working capital reporting cadence to include KPIs, variance analysis, month end commentary and opportunities for optimizing working capital efficiency.
* Coordinate, consolidate, and analyze weekly Global Aromatics 13-week cash forecast.
* Facilitate LC and SBLC issuance.
* Prepare monthly and quarterly balance sheet account reconciliations.
* Maintain strong relationships with banking partners to ensure accounts are accessible and kept current with regulatory requirements.
* Coordinate opening and closing of bank accounts, KYC request and other ad hoc treasury requests.
* Assist in updating and monitoring treasury policies, procedures, and controls. Compiles monthly Treasury KPI's.
* Fosters collaborative relationships with cross-functional teams and stakeholders to deliver working capital and treasury-related initiatives.
* Support Audits and assist with Finance special projects.
Skills & Knowledge Required:
Education/Experience:
* Bachelor's degree in Accounting, Finance, Economics, or other related fields
* 5+ years of Treasury, Accounting, or relevant work experience
Technical Skills:
* Skilled understanding of cash and working capital management principles. Comfortable calculating and analyzing balance sheet ratios.
* Understands technical accounting & finance aspects of role and performs work with minimal supervision.
* Able to diagnose and problem solve system and banking issues and evaluate impact on business.
* Proficient in Microsoft Office applications with advanced knowledge of Excel.
* Understands daily cash and banking operations including maintaining accurate financial records and sound internal controls.
* Broad working knowledge of SAP is a plus.
Behavioral Skills:
* Trustworthy, ethical, and high standard of integrity.
* Ability to manage multiple priorities effectively to meet deadlines and produce accurate, high-quality reports.
* Demonstrate analytical and creative critical thinking skills to understand complex business drivers and communicate results effectively.
* Excellent communication and people skills; Comfortable interfacing with all levels of the organization and diverse cultures in different time zones.
* Responsive and diligent.
* Works both independently and well with colleagues seeking input from and giving information willingly.
* Captures & assimilates learnings and actively works to identify improvement and innovative approaches for accomplishing assignments.
* Proactive and self-motivating attitude with high level curiosity and desire to learn to new skills.
* Understands the value of procedures, policies & controls, and works within them.
Legal Disclaimer:
If you are selected for a position in the United States, your employment will be contingent upon submission to and successful completion of a post-offer/pre-placement drug test (and alcohol screening/medical examination if required by the role) as well as pre-placement verification of the information and qualifications provided during the selection process.
INEOS is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, religion, sexual orientation, gender identity, national origin, age, disability, veteran status or any other prohibited ground of discrimination.
Our culture is one of honesty and integrity with an emphasis on safety, health and environmental performance.On our team, people are acknowledged for embracing new practices that help create real value for customers.